Cabot Oil & Gas (COG)

During the
quarter ended March 31, 2009, 33,150 restricted stock units were granted to non-employee directors of the Company with a grant date per share value of $22.63. The fair value of these units is measured at the average of the high and low stock
price on grant date and compensation expense is recorded immediately. These units immediately vest and are paid out when the director ceases to be a director of the Company. The compensation cost, which reflects the total fair value of these units,
recorded in the first quarter of 2009 and 2008 was $0.8 million in each period.

Restricted stock units are
granted from time to time to non-employee directors of the Company. The fair value of these units is measured at the average of the high and low stock price on grant date and compensation expense is recorded immediately. These units immediately vest
and are paid out when the director ceases to be a director of the Company. Due to the immediate vesting of the units and the unknown term of each director, the weighted-average remaining contractual term in years has been omitted from the table
below.

The following table is a summary of restricted stock unit activity for the year ended December 31,
2008:

Restricted Stock Units

Shares

Weighted-Average GrantDate FairValue pershare

AggregateIntrinsic Value(in thousands)(1)

Outstanding at December 31, 2007

85,052

$

23.97

Granted and fully vested

16,565

49.17

Issued

(19,602

)

26.02

Forfeited





Outstanding at December 31, 2008

82,015

$

28.57

$

2,132

(1)

The intrinsic value of restricted stock units is calculated by multiplying the closing market price of the
Companys stock on December 31, 2008 by the number of outstanding restricted stock units.

As shown in the
table above, 16,565 restricted stock units were granted during 2008. During 2007, 24,654 restricted stock units were granted with a weighted-average grant date fair value per share of $35.49. During 2006, 34,440 restricted stock units were granted
with a weighted-average grant date fair value per share of $25.41.

The compensation cost, which reflects the total fair value of these
units, recorded in 2008 was $0.8 million. Compensation expense recorded during the years ended December 31, 2007 and 2006 for restricted stock units was $0.9 million for both years.

Restricted stock units are granted
from time to time to non-employee directors of the Company. The fair value of these units is measured at the average of the high and low stock price on grant date and compensation expense is recorded immediately. These units immediately vest and are
paid out when the director ceases to be a director of the Company.

During the nine months ended September 30, 2008, 16,565 restricted stock units
were granted with a grant date per share value of $49.17, and 19,602 restricted stock units were issued to a retiring director with a weighted-average grant date per share value of $26.02. The compensation cost, which reflects the total fair value
of these units, recorded in the first nine months of 2008 was $0.8 million. During the first nine months of 2007, the Company recorded $0.9 million of expense related to restricted stock units. No expense was recorded in either the third quarter of
2008 or 2007.

Restricted stock units are granted from time to time to non-employee directors of the Company. The fair value of these units is measured at the average of the high and low stock price on grant date and compensation expense is recorded
immediately. These units immediately vest and are paid out when the director ceases to be a director of the Company.

During the first half of 2008, 15,360
restricted stock units were granted with a grant date per share value of $48.96, and 19,602 restricted stock units were issued to a retiring director with a grant date per share value of $26.02. The compensation cost, which reflects the total fair
value of these units, recorded in the first half of 2008 was $0.8 million. During the first half of 2007, the Company recorded $0.9 million of expense related to restricted stock units.

Restricted stock units are granted
from time to time to non-employee directors of the Company. The fair value of these units is measured at the average of the high and low stock price on grant date and compensation expense is recorded immediately. These units immediately vest and are
paid out when the director ceases to be a director of the Company.

During the first three months of 2008, 15,360 restricted stock units were granted with
a grant date per share value of $48.96. The compensation cost, which reflects the total fair value of these units, recorded in the first quarter of 2008 was $0.8 million. During the first quarter of 2007, the Company recorded $0.9 million of expense
related to restricted stock units.

Restricted stock units are granted from time
to time to non-employee directors of the Company. The fair value of these units is measured at the average of the high and low stock price on grant date and compensation expense is recorded immediately. These units immediately vest and are paid out
when the director ceases to be a director of the Company. Due to the immediate vesting of the units and the unknown term of each director, the weighted-average remaining contractual term in years has been omitted from the table below.

The following table is a summary of restricted stock unit activity for the year ended December 31, 2007:

Restricted Stock Units

Shares

Weighted-Average GrantDate Fair Valueper share

AggregateIntrinsic Value(in thousands) (1)

Outstanding at December 31, 2006

77,440

$

19.99

Granted and fully vested

24,654

35.49

Issued

(17,042

)

22.57

Forfeited





Outstanding at December 31, 2007

85,052

$

23.97

$

3,434

(1)

The intrinsic value of restricted stock units is calculated
by multiplying the closing market price of theCompanys stock on December 31, 2007 by the number of outstanding restricted stock units.

As shown in the table above, 24,654 restricted stock units were granted during 2007. During 2006, 34,440 restricted stock units were granted with a weighted-average grant date fair value per share of $25.41. During
2005, 39,200 restricted stock units were granted with a weighted-average grant date fair value per share of $17.79.

The compensation cost, which reflects
the total fair value of these units, recorded entirely in the first quarter of 2007 was $0.9 million. Compensation expense recorded during the years ended December 31, 2006 and 2005 for restricted stock units was $0.9 million and $0.7 million,
respectively.

Restricted stock units are granted
from time to time to non-employee directors of the Company. The fair value of these units is measured at the average of the high and low stock price on grant date and compensation expense is recorded immediately. These units immediately vest and are
paid out when the director ceases to be a director of the Company.

During the first nine months of 2007, 24,654 restricted stock units were granted with a
grant date per share value of $35.49. The compensation cost, which reflects the total fair value of these units, recorded in the first quarter of 2007 was $0.9 million. During the second quarter of 2006, the Company recorded $0.9 million of expense
related to restricted stock units.

Restricted stock units are granted
from time to time to non-employee directors of the Company. The fair value of these units is measured at the average of the high and low stock price on grant date and compensation expense is recorded immediately. These units immediately vest and are
paid out when the director ceases to be a director of the Company.

During the first half of 2007, 24,654 restricted stock units were granted with a grant
date per share value of $35.49. The compensation cost, which reflects the total fair value of these units, recorded in the first quarter of 2007 was $0.9 million. During the second quarter of 2006, the Company recorded $0.9 million of expense
related to restricted stock units.

Restricted stock units are granted from time to time to non-employee directors of the Company. The fair value of these units is measured at the average of the high and low stock price on grant date and compensation
expense is recorded immediately. These units immediately vest and are paid out when the director ceases to be a director of the Company.

During the first
quarter of 2007, 24,654 restricted stock units were granted with a grant date per share value of $35.49. The compensation cost, which reflects the total fair value of these units, recorded in the first quarter of 2007 is $0.9 million. During the
first three months of 2006, the Company did not have any expense related to restricted stock units.

Restricted
stock units are granted from time to time to non-employee directors of the Company. The fair value of these units is measured at the average of the high and low stock price on grant date and compensation expense is recorded immediately. These units
immediately vest and are paid out when the director ceases to be a director of the Company. Due to the immediate vesting of the units and the unknown term of each director, the weighted-average remaining contractual term in years has been omitted
from the table below.

The following table is a summary of restricted stock unit activity for the year ended December 31, 2006:

Restricted Stock Units

Shares

Weighted-AverageGrant DateFair Valueper share

AggregateIntrinsic Value(in thousands) (1)

Outstanding at December 31, 2005

30,100

$

31.30

Granted and fully vested

17,220

50.82

Issued

(8,600

)

31.30

Forfeited





Outstanding at December 31, 2006

38,720

$

39.98

$

2,348

(1)

The intrinsic value of
restricted stock units is calculated by multiplying the closing market price of the Companys stock on December 31, 2006 by the number of outstanding restricted stock units as of December 31, 2006.

As shown in the table above, 17,220 restricted stock units were granted during 2006. During 2005, 19,600 restricted stock units were granted with a weighted-average
grant date fair value per share of $35.58. During 2004, 10,500 restricted stock units were granted with a weighted-average grant date fair value per share of $23.32.

The compensation cost, which reflects the total fair value of these units, recorded entirely in the second quarter of 2006 was $0.9 million. Compensation expense recorded during the years ended December 31, 2005
and 2004 for restricted stock units was $0.7 million and $0.2 million, respectively.

Restricted stock units are granted
from time to time to non-employee directors of the Company. The fair value of these units is measured at the average of the high and low stock price on grant date and compensation expense is recorded immediately. These units immediately vest and are
paid out when the director ceases to be a director of the Company. Due to the immediate vesting of the units and the unknown term of each director, the weighted-average remaining contractual term in years has been omitted from the table below.

The following table is a summary of activity of restricted stock units for the nine months ended September 30, 2006:

Restricted Stock Units

Shares

Weighted-AverageGrant DateFair Valueper share

AggregateIntrinsic Value(in thousands) (1)

Outstanding at December 31, 2005

30,100

$

31.30

Granted and fully vested

17,220

50.82

Issued

(8,600

)

31.30

Forfeited





Outstanding at September 30, 2006

38,720

$

39.98

$

1,856

(1)

The intrinsic value of restricted stock units is
calculated by multiplying the closing market price of the Companys stock on September 30, 2006 by the number of outstanding restricted stock units as of September 30, 2006.

As shown in the table above, 17,220 restricted stock units were granted during the first nine months of 2006. The compensation cost, which reflects the total fair value
of these units, recorded in the second quarter of 2006 is $0.9 million.

Restricted stock units are granted from time to time to non-employee directors of the Company. The fair value of these units is measured at the average of the high and low stock price on grant date and compensation
expense is recorded immediately. These units immediately vest and are paid out when the director ceases to be a director of the Company. Due to the immediate vesting of the units and the unknown term of each director, the weighted-average remaining
contractual term in years has been omitted from the table below.

The following table is a summary of activity of restricted stock units as of
June 30, 2006:

Restricted Stock Units

Shares

Weighted-AverageGrantDate FairValue pershare

AggregateIntrinsicValue (inthousands)

Outstanding at December 31, 2005

30,100

$

31.30

Granted and fully vested

17,220

50.82

Issued

8,600

31.30

Forfeited





Outstanding at June 30, 2006

38,720

$

39.98

$

1,897

As shown in the table above, 17,220 restricted stock units were granted during the first half of 2006. The
compensation cost, which reflects the total fair value of these units, recorded in the second quarter of 2006 is $0.9 million.

Restricted stock units are granted from time to time to non-employee directors of the Company. The fair value of these units is measured at the average of the high and low stock price on grant date and compensation expense is recorded
immediately. These units immediately vest and are paid out when the director ceases to be a director of the Company.

No restricted stock units were issued
in the first quarter of 2006. Total shares granted and fully vested, but not yet issued, are 30,100 as of March 31, 2006. The weighted-average grant date fair value per share is $31.30. The aggregate intrinsic value of these awards is $1.4
million.